AVISTA CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
AVA$40.21+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating Activities: | |||
| Net income | $193 | $180 | $171 |
| Non-cash items included in net income: | |||
| Depreciation and amortization | 289 | 274 | 265 |
| Benefit from (provision for) deferred income taxes | 2 | (5) | (37) |
| Power and natural gas cost (deferrals) amortizations, net | (54) | 104 | 7 |
| Amortization of debt expense | 2 | 2 | 3 |
| Stock-based compensation expense | 9 | 9 | 8 |
| Equity-related AFUDC | (11) | (9) | (7) |
| Pension and other postretirement benefit expense | 15 | 12 | 14 |
| Other regulatory assets and liabilities | 33 | (28) | (34) |
| Other non-current assets and liabilities | 58 | 36 | 26 |
| Change in decoupling regulatory deferral | (24) | (35) | (3) |
| Realized and unrealized losses on assets and investments | 13 | 5 | 3 |
| Other | (4) | (4) | (6) |
| Contributions to defined benefit pension plan | (10) | (10) | (10) |
| Cash received on settlement of interest rate swap agreements | 1 | 4 | 8 |
| Changes in certain current assets and liabilities: | |||
| Accounts and notes receivable | (24) | 3 | 37 |
| Inventory | (43) | (40) | (52) |
| Collateral posted for derivative instruments | 12 | 18 | 129 |
| Income taxes receivable | (5) | (3) | 2 |
| Other current assets | (23) | 16 | (26) |
| Accounts payable | 25 | (8) | (66) |
| Other current liabilities | 15 | 13 | 15 |
| Net cash provided by operating activities | 469 | 534 | 447 |
| Investing Activities: | |||
| Utility property capital expenditures (excluding equity-related AFUDC) | (570) | (533) | (499) |
| Issuance of notes receivable | — | — | (3) |
| Repayments from notes receivable | 6 | — | — |
| Equity and property investments | (4) | (10) | (13) |
| Proceeds from sale of investments | — | — | 3 |
| Other | 4 | 4 | 2 |
| Net cash used in investing activities | $(564) | $(539) | $(510) |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Financing Activities: | |||
| Net increase (decrease) in short-term borrowings | $33 | $5 | $(114) |
| Proceeds from issuance of long-term debt | 140 | 84 | 250 |
| Maturity of long-term debt and finance leases | (4) | (3) | (17) |
| Issuance of common stock, net of issuance costs | 78 | 68 | 113 |
| Cash dividends paid | (159) | (150) | (141) |
| Other | (4) | (4) | (6) |
| Net cash provided by financing activities | 84 | — | 85 |
| Net (decrease) increase in cash and cash equivalents | (11) | (5) | 22 |
| Cash and cash equivalents at beginning of year | 30 | 35 | 13 |
| Cash and cash equivalents at end of year | $19 | $30 | $35 |
| Supplemental Cash Flow Information: | |||
| Cash paid during the year for interest | $144 | $141 | $132 |
| Non-cash financing and investing activities: | |||
| Accounts payable for capital expenditures | 36 | 24 | 34 |
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